Whales Scoop Up Bitcoin Aggressively, Traders Await Breakout Sign In BTC Price - BitcoinEthereumNews.com
Bitcoin HODL Waves || Source: Glassnode Historically, Bitcoin accumulation by whales is indicative of an upcoming BTC price rally. The wallet cohort trend accumulation score by Glassnode is used for spotting a change in Bitcoin trend. Large Bitcoin purchases by whale wallets at the end of January 2021 pushed the asset‘s price 15% higher. A similar event could occur if whales keep up their ’buy the dip strategy. Currently, the indicator shows reasonably wide accumulation from September 2021 to February 2022. Bitcoin Wallet Cohort Trend Accumulation Score || Source: GlassnodeAggressive Bitcoin buying by small investors fuels uptrend Bitcoin whale accumulation coupled with aggressive buying by small investors could fuel a Bitcoin price rally. Retail investors have been known to mirror whales buying behavior in the past. Whale buying and accumulation could help Bitcoin bulls hold the assets price above $40,000 if dynamics from January and February 2022 remain unchanged. Bearish concerns on Bitcoin price prevail while geopolitical tensions rise. However, if Bitcoin price remains stable with the $35,000 to $45,000 range, with horizontal correction, an uptrend is expected. คำปฏิเสธ เนื้อหาที่นำเสนออาจรวมถึงความเห็นส่วนตัวของผู้เขียนและเป็นไปตามสภาวะตลาด ทำวิจัยตลาดของคุณก่อนที่จะลงทุนใน cryptocurrencies ผู้แต่งหรือสิ่งพิมพ์ไม่รับผิดชอบต่อความสูญเสียทางการเงินส่วนบุคคลของคุณ